ChainCatcher news, according to Hong Kong media East Net, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that since the implementation of the Virtual Asset Trading Platform (VATP) licensing system in June 2023, 9 licenses have been granted, and another 9 applications are pending approval. It is expected that new licenses will be issued within this month.Alder revealed that the Securities and Futures Commission will establish a formal advisory group for licensed VATPs and develop a roadmap for virtual asset development, planning to explore new areas such as custody services and over-the-counter (OTC) trading, while also considering the introduction of more products and services to enhance market competitiveness.

ChainCatcher news, according to CoinDesk, cryptocurrency payment company BCB Group has transferred its custody business to Ripple's Metaco platform, a move that enables BCB Group to integrate its custody technology into a single platform to protect and manage its digital asset operations.BCB Group provides cryptocurrency payment and trading services to clients such as Galaxy Digital and Gemini.

ChainCatcher news, Hong Kong listed company New Flame Technology Holdings Limited has changed its English name to Sinohope Technology Holdings Limited, while the Chinese name remains unchanged, and it stated that it will focus more on digital asset custody business (MPC) in the future.

ChainCatcher news, according to Jin10 data reports, Nasdaq has suspended the launch of its digital asset custody business due to regulatory risks.ChainCatcher previously reported that Nasdaq had announced plans to launch cryptocurrency custody services by the end of the second quarter in March. (source link)